Deltec Asset Management LLC cut its stake in KB Financial Group Inc. (NYSE:KB) by 31.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,000 shares of the company’s stock after selling 12,720 shares during the period. Deltec Asset Management LLC’s holdings in KB Financial Group were worth $797,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KB. Royal Bank of Canada boosted its position in KB Financial Group by 3.0% in the first quarter. Royal Bank of Canada now owns 447,767 shares of the company’s stock valued at $12,353,000 after buying an additional 12,837 shares during the last quarter. Orbis Allan Gray Ltd bought a new position in KB Financial Group during the first quarter valued at $7,784,000. OLD Mission Capital LLC bought a new position in KB Financial Group during the first quarter valued at $3,751,000. AXA boosted its position in KB Financial Group by 38.3% in the first quarter. AXA now owns 16,600 shares of the company’s stock valued at $458,000 after buying an additional 4,600 shares during the last quarter. Finally, UBS Group AG boosted its position in KB Financial Group by 144.6% in the first quarter. UBS Group AG now owns 155,797 shares of the company’s stock valued at $4,298,000 after buying an additional 92,098 shares during the last quarter. Hedge funds and other institutional investors own 7.02% of the company’s stock.

KB Financial Group Inc. (NYSE:KB) traded up 3.00% during trading on Wednesday, hitting $35.05. 105,818 shares of the company’s stock were exchanged. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 8.09 and a beta of 1.60. KB Financial Group Inc. has a 12-month low of $22.84 and a 12-month high of $36.59. The company’s 50-day moving average price is $34.20 and its 200 day moving average price is $30.25.

KB has been the subject of a number of research reports. Zacks Investment Research cut shares of KB Financial Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. TheStreet raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. Finally, Citigroup Inc. raised shares of KB Financial Group from a “neutral” rating to a “buy” rating in a report on Thursday, July 21st.

About KB Financial Group

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